District of Columbia Regulation D Accredited Investor Questionnaire

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Description

The information contained in this Questionnaire is being furnished by a potential investor in order to determine whether the prospective investor qualifies as an accredited investor as defined in Regulation D of the Securities Act of 1933.



Regulation D creates an exemption that permits sales of securities without registration with the U.S. Security and Exchange Commission. However, Sellers are required to file a Form D informational statement about the sale. The definition of accredited investor is important regarding this exemption as far as a limitation on the number of shareholders allowed (i.e., 35). Accredited investors do not have to be counted as far as the 35 limitation is concerned. An accredited investor includes any investor who at the time of the sale falls into any of the following categories:
" a private business development firm;
" directors, officers, and general partners of issuer;
" banks;
" purchasers of $150,000 or more of the securities;
" natural persons with a net worth greater than $1,000,000; or
" persons with an income of greater than or equal to $200,000 per year.

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FAQ

To qualify as an accredited investor, you must meet at least one of three criteria: have a net worth exceeding $1 million, have an annual income of over $200,000 for the past two years, or qualify based on your professional experience. These criteria ensure that accredited investors have a sufficient understanding of investment risks. Completing the District of Columbia Regulation D Accredited Investor Questionnaire can help you establish this qualification.

A private placement under Regulation D may be offered to an unlimited number of accredited investors. An accredited investor is defined as an institutional investor or a person with either a net worth of $1,000,000, or annual income of $200,000 (or $300,000 for a married couple).

Rule 504 of Regulation D exempts from registration the offer and sale of up to $10 million of securities in a 12-month period. A company is required to file a notice with the Commission on Form D within 15 days after the first sale of securities in the offering.

A written representation under this method of verification will satisfy the issuer's obligation to verify the person's accredited investor status for a period of five years from the date the person was previously verified as an accredited investor.

Some documents that can prove an investor's accredited status include:Tax filings or pay stubs;A letter from an accountant or employer confirming their actual and expected annual income; or.IRS Forms like W-2s, 1040s, 1099s, K-1s or other tax documentation that report income.

In the U.S., an accredited investor is anyone who meets one of the below criteria: Individuals who have an income greater than $200,000 in each of the past two years or whose joint income with a spouse is greater than $300,000 for those years, and a reasonable expectation of the same income level in the current year.

Some documents that can prove an investor's accredited status include:Tax filings or pay stubs;A letter from an accountant or employer confirming their actual and expected annual income; or.IRS Forms like W-2s, 1040s, 1099s, K-1s or other tax documentation that report income.

SEC Form D, also known as Reg Dex or Reg D, is required for companies and funds offering and selling securities without registration under the Securities Act of 1933 in reliance on an exemption provided in Regulation D or Section 4(a)(5). The form must be filed within 15 days after the first sale of securities.

In the U.S., the term accredited investor is used by the Securities and Exchange Commission (SEC) under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure filings.

Accredited investor questionnaires are used to determine whether potential investors meet the suitability requirements of Regulation D of the Securities Act of 1933, which may eliminate the need for the offering or issuance of such securities to be registered with the Securities and Exchange Commission.

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District of Columbia Regulation D Accredited Investor Questionnaire